What we are building
Meridiant is a Morpho-style isolated lending venue, purpose-built for Canton. The protocol is real: supply, borrow, repay, liquidate, prices, and rates, against Canton-native tokens — not a slide deck of intended mechanics.
We are taking that protocol from internal networks to a venue other people can use.
What exists today
A complete isolated market, end to end:
- Supply and withdraw
- Borrow against borrower-owned collateral
- Repay in part or in full
- Permissionless liquidation in one atomic close
- Fresh, signed prices
- Utilization-based interest
- Market pause / resume, with liquidation still able to run when prices are trusted
- Renewal so loans can outlast a single token lock
One market, done properly, is the unit. More markets are copies of that unit, not a rewrite.
The path
| Stage | What it is for |
|---|---|
| Internal networks | Prove the protocol, the app, and operations against a real validator. |
| Testnet | Invite-gated access. Real token-standard assets. The same code paths mainnet will use. Not a demo with mock shortcuts. |
| Mainnet | Production venue. Users hold their own keys. Markets listed deliberately. |
Testnet is the last rehearsal. Anything that only works because it is a test environment is treated as a defect.
Access stays invite-gated until we are ready for open registration. Getting started is the honest current answer.
What mainnet is aiming at
- Self-custody at the key layer. Your wallet signs; we still settle through our validator. The lending rules do not change — only who holds the key.
- More than one market. Independent books, listed as the asset set and the risk parameters justify them.
- Institutional use as the default, not a costume. Privacy, atomic settlement, and counterparties who already sit on Canton.
What we are not rushing
- Public, open signup on day one of a test network.
- A protocol fee switch or incentive program as the growth engine. Rewards on Canton, if and when they accrue to the venue, are a byproduct of real lending activity — not a farm we optimize the product around.
- Term loans, leverage vaults, and multi-collateral in a single market. Those are later phases.
- Governance theatre. Market listing and parameters are operator decisions until there is a reason for them not to be.
Honest framing
We cannot out-shout the rest of Canton. We can run a venue whose core action is genuine, high-value settlement — and whose privacy makes that venue usable by people who will not use the public-chain equivalent.
If you want the design in more depth than these intro pages, start from meridiant.xyz. These docs stay at the level of what the product is, who is in it, and how to think about using it.